US Med-Equip Acquires Freedom Medical

Freeman Spogli & Co. Acquires Majority Stake in US Med-Equip

December 7, 2020

Healthcare Services

Freeman Spogli & Co. has partnered with Houston-based US Med-Equip, a provider and rental distributor of movable medical equipment, to acquire a controlling interest in the company. Affiliates of Owner Resource Group will retain an ownership stake; the investment will support USME's national expansion across its network of more than 40 locations and 1,600 hospital customers.

US Med-Equip Acquires Medical Support Products, Inc.

April 5, 2019

Healthcare Services

US Med-Equip (USME) has acquired Medical Support Products, Inc. (MSP), a regional provider of hospital respiratory products, movable medical equipment rentals and biomedical repair services headquartered in Lititz, Pennsylvania. The deal expands USME's footprint and service capabilities in the Mid-Atlantic and Northeastern United States and integrates MSP's respiratory-focused rental and service operations into USME's national rental and service platform.

Infinity Home Services Acquires Exterior Medics

October 4, 2024

Construction

Infinity Home Services, a portfolio company of private equity firm Freeman Spogli & Co., has acquired Exterior Medics, a Washington D.C.‑area home‑exterior remodeling services provider. The add‑on transaction (closed October 4, 2024) expands IHS's footprint and service capabilities in the D.C. metro market; Founders Advisors acted as sell‑side advisor to Exterior Medics' co‑owners.

gWorks Acquires Freedom Systems

April 3, 2024

Cloud & SaaS

gWorks, a cloud-native software provider for local governments based in Omaha, Nebraska, has acquired Freedom Systems, a Pennsylvania-based provider of tax and utility billing and municipal software. The acquisition, effective March 27, 2024, is an add-on to gWorks' existing platform (backed by BV Investment Partners) to expand product capabilities and strengthen its footprint serving small local governments in Pennsylvania.

RumbleOn, Inc. Acquires Freedom Powersports

February 18, 2022

Retail

RumbleOn, Inc. completed the acquisition of Freedom Powersports, adding 13 retail locations across Texas, Georgia and Alabama and expanding RumbleOn’s omnichannel powersports retail footprint. The transaction closed for aggregate consideration of approximately $130.0 million (≈ $83.4M for the business and ≈ $46.6M for real estate) and supports RumbleOn’s revenue and adjusted EBITDA outlook; Freedom reported over $220.0 million of revenue and over $25.0 million of adjusted EBITDA for 2021 (unaudited).

Thrive Acquires IT Freedom

July 12, 2023

IT Services

Thrive, a PE-backed provider of managed cybersecurity and cloud services, has acquired IT Freedom, an Austin-based managed service provider. The deal expands Thrive's NextGen Managed Security & Services Platform into Texas and will enable IT Freedom's clients to accelerate their cloud and digital transformation initiatives.